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OPENING CASE: Kenya: An African Lion
QUESTION 1: Following its independence from Britain in 1963, Kenya embraced African Socialism. Why did the country choose this path? Discuss the benefits and drawbacks of this choice.
QUESTION 2: How did economic and political reforms in the early 1990s help Kenya achieve its position as the economic, financial, and transportation hub in sub-Saharan Africa?
QUESTION 3: What long-term economic, political, and legal challenges do Kenya face going forward?
CLOSING CASE: Transformation in Saudi Arabia
QUESTION 1: What long-term economic and political problems does Saudi Arabia face?
QUESTION 2: How might the reforms proposed by Muhammad bin Salman potentially address these problems? Who will gain from these reforms? Who might object and push back against them?
QUESTION 3: Current plans for Saudi Aramco call for the state-owned oil company to be privatized. An initial public offering (IPO) is tentatively scheduled for 2021. What are the potential benefits to Saudi Arabia of privatizing Saudi Aramco? Is there a downside?
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